New Appointments

SICO appoints new Head of Distribution and Business Development as well as a CEO for new subsidiary SICO Capital

Sultan Al Nugali

Chief Executive Officer, SICO Capital

Sultan Al Nugali has more than 20 years of experience in the Saudi Capital markets working for a number of prominent institutions in leadership roles. Prior to joining SICO Capital, Sultan’s last role was with Itqan Capital where he was the Deputy Chief Executive Officer responsible for the Asset Management, Investment Banking, Custody and Principal Dealing businesses. Prior to this, Sultan was the Head of Asset Management at Albilad Capital and was instrumental in growing the business by launching new products and expanding the client base. He also spent about 5 years at Saudi Fransi Capital as Head of Fixed Income & Real Estate. Sultan started his career with HSBC KSA spending 11 years at the bank and was one of the founding members of the KSA entity when it was established in 2000. Sultan holds a Master of Science degree in Finance and a Bachelor’s Degree in Business Administration from King Saudi University.

Mohamed Alabbas

Head of Distribution and Business Development

Mohammed Alabbas has more than 15 years of experience in the banking sector across the region. He joined SICO in 2015 as Senior Research Manager before becoming Head of Distribution. Prior to joining SICO, Mohammed served as Head of Client Relationship Management at Tamkeen. He also held positions at several established institutions, including Director of Business Development at Clearview M&A Advisors, Private Banker (Head of Qatar Market) at Oasis Capital Bank, and Branch Manager at BBK, among others. Mohammed holds a BA in Business Economics and minor in Human Relations from St. Cloud State University, Minnesota. He also holds the International Wealth Manager certification from the Chartered Institute for Securities & Investment, as well as CFA Level II.